Industry News September 19 2017

These Grocery Stores Could Offer Value to Your Home

It turns out grocery stores such as Whole Foods and Trader Joe’s can offer more than fuel for your family—they can also boost the value of your home. A recent Zillow analysis found that homes near high-end food stores, like Whole Foods and Traders Joe’s, are worth more and appreciate faster compared to the typical United States home.

Food for Thought

Zillow CEO Spencer Rascoff and Zillow Group Chief Economist told Business Insider how stores like Whole Foods and Trader Joe’s may affect the community.   “Like a self-fulfilling prophecy, the stores may actually drive home prices even if they open in neighborhoods where home prices have lagged those in the wider city,” said Humphries.   As a homeowner or home buyer, it is an interesting influence on your home value to keep in mind. The popularity of these grocers reveals a new direction in lifestyle in a community. “It says something about the way people want to live – in the type of neighborhood favored by the generations buying a home now,” Rascoff said. Your neighborhood's livability is important when making sure your home becomes a positive investment. Whether you are buying or selling, understand how the value of your home could change and invest in the future. You never know what will pop up around the corner.     

Looking for other ways to up your home's value?

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